212 Ritch St

212 Ritch St , San Francisco, California, 94107 | 4,500 sq.f | $ 2,999,000

Card image
Card image
Card image

About This Restaurant

Investment Highlights

Prime Location: Just moments from landmarks like the Moscone Convention Center and Oracle Park, and blocks away from major transport routes including Residential Appeal: Two stylish income units offer urban living with modern comfort, ideal for city dwellers or as lucrative rental opportunities. Strategic Positioning: With its proximity to the Bay Bridge and major transport links, the property offers unparalleled access and views of the San Fr Versatile Commercial Space: Ground floor space perfect for a cafe or restaurant, poised to become a vibrant community hub. Future-Forward Design: Entitled plans for a 5-story office building featuring sustainable construction and an eco-friendly, light-filled environment. Vibrant Community: Be part of SoMa's growth story, a neighborhood known for its tech giants, cultural landmarks, and bustling lifestyle.

Executive Summary

Nestled in the dynamic and sought-after SoMa District of SF, this unique mixed-use development opportunity offers a blend of contemporary commercial and residential potentials. Just moments away from the Moscone Center, Oracle Park, and a selection of prestigious hotels, this property stands in a prime location that is both accessible and highly visible. *Prime Location: Situated mere blocks from I80 and the Bay Bridge, the property offers unparalleled access to major transport routes, making it a hub for both commercial and residential interests. *Versatile Commercial Space: The ground floor is poised to host a bustling cafe or restaurant, providing an immediate income stream and a vibrant community space. This commercial unit is perfectly positioned to attract both local and tourist foot traffic. *Mixed Use Appeal: Above the cafe and to the rear of the property find 2 income units that blend urban living with comfort and style, offering an attractive proposition for city dwellers or as high-demand rental units. *Sustainable and Innovative Design: Future entitled plans to develop a 5 story office building includes sustainable Cross Laminated Timber(CLT) construction, recessed steel beams, and an expansive glass facade, ensuring a light-filled, eco-friendly environment.

Property Details

  • Sale Type    Investment
  • Sale Condition    Redevelopment Project
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    4,500
  • Building Class    B
  • Year Built/Renovated    1953/2001
  • Price    2,999,000
  • Price Per SF    666
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.61
  • Land Acres    0.17 AC

Property Taxes

Parcel Number 3776-100 Improvements Assessment $1,387,072
Land Assessment $320,492 Total Assessment $1,707,564
Date Created: 2024-07-16 04:09:24 Last Updated: 2024-07-16 04:09:24
Address: 212 Ritch St , San Francisco, California, 94107